Aareal Bank

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Aareal Bank AG
Type Aktiengesellschaft
Traded as FWBARL
Industry Financial Services
Founded 1923
Headquarters Wiesbaden, Germany
Key people Wolf Schumacher (CEO and chairman of the management board), Marija G. Korsch (Chairman of the supervisory board)
Products Structured Property Finance and Consulting Services for the housing sector
Profit 93 million (2013)[1]
Total assets 42.981 billion (2013)[1]
Total equity 2.450 billion (2013)[1]
Employees 2,375 [1]
Website www.aareal-bank.com

Aareal Bank AG is an international company listed on the MDAX index with headquarters in Wiesbaden, Germany,[1] which traded as DePfa Deutsche Bau- und Boden Bank AG and formed part of the DePfa Gruppe until 2002.

Aareal Bank is represented on three continents (Europe, North America and the Asia-Pacific region) and oversees property financing in more than 20 countries. Aareal Bank AG has been listed on the German stock exchange since 2002.

History[edit]

The company's history dates back to two institutions: Preußische Landespfandbriefanstalt (founded in 1922) and Deutsche Wohnstättenbank AG (founded in 1923), both of which were based in Berlin. Deutsche Wohnstättenbank AG was renamed Deutsche Bau- und Bodenbank in 1926. Preußische Landespfandbriefanstalt was given the name Deutsche Pfandbriefanstalt in 1954. In 1979, Deutsche Pfandbriefanstalt acquired a majority interest in Deutsche Bau- und Bodenbank. It traded as public limited company under the name Deutsche Pfandbrief- und Hypothekenbank AG from 1989, before going public in 1991 and opening its first foreign branch in Amsterdam in the same year.

In 1999, Deutsche Pfandbrief- und Hypothekenbank AG was renamed DePfa Deutsche Pfandbrief Bank AG and transferred all property activities to Deutsche Bau- und Bodenbank, which was also given the name DePfa Bank AG BauBoden at this time. In 2002, the bank was divided into Aareal Bank AG (formerly Deutsche Bau- und Bodenbank), a property finance bank with headquarters in Wiesbaden, and DePfa BANK plc, a public finance bank based in Dublin. Since 2006, the company has focused on the Commercial Property Financing and Consulting/Services segments.[2]

Bodies[edit]

Wolf Schumacher, who holds a doctorate in law, has been chairman of the management board of the company since 2005, and is supported by three Management Board members. The Supervisory Board members are elected for a period of five years each. The current term of Marija G. Korsch as Chairman of the Supervisory Board began in 2013.[3]

Shareholder structure[edit]

71,1% Free float
28,9% Aareal Holding Verwaltungsgesellschaft mbH (including):
6,9% Bayerische Beamten-Lebensversicherung a.G.
6,9% Swiss Life AG
5,2% Versorgungsanstalt des Bundes und der Laender
4,7% Dr. August Oetker Finanzierungs- und Beteiligungs-Gesellschaft mbH
2,7% Basler Lebensversicherungs-AG und Basler Sachversicherungs-AG
1,4% Deutscher Ring Krankenversicherungsverein a.G.
1,1% Condor-Lebensversicherungs AG

(as at 31 December 2013 [1])

Subsidiaries[edit]

The Aareal Bank Group includes the following companies:[1][4]

Company Description Registered office Capital share
Aareal Bank Asia Limited Financings for office buildings, hotels, logistics facilities, retail properties and residential properties in selected markets Singapore 100 %
Aareal Capital Corporation Financings for office buildings, hotels, logistics facilities, retail properties and residential properties in selected markets New York 100 %
Aareal Estate AG Management and consultancy firm for commercial properties in Germany and abroad Wiesbaden 100 %
Aareal First Financial Solutions AG Development and implementation of payment transaction solutions for Aareal Bank Mainz 100 %
Aareal Valuation GmbH Valuation company Wiesbaden 100 %
Aareon AG Europe-wide consultancy and IT systems house for the property sector Mainz 100 %
Corealcredit Bank AG Specialist German bank that focuses on Commercial Real Estate Financing in its core market of Germany Frankfurt 100 %
Deutsche Bau- und Grundstuecks-Aktiengesellschaft Specialist property management service provider; real estate asset management service provider for institutional and private investors, municipalities and the Federal Government Bonn 100 %
Deutsche Structured Finance GmbH Structuring, launching and placing, as well as subsequently managing closed-end funds, particularly involving property investments Wiesbaden 100 %

See also[edit]

References[edit]

External links[edit]